Voice Air Media, VAM News Update THE Central Bank of Nigeria (CBN) says it has revoked the licences of over 4,000 Bureau De Change operators violating operation regulations. The apex bank “has…
Tag: CBN
Naira-Dollar rate: CBN resumes sale of FX to BDCs
THE Naira on Monday appreciated against the dollar at the official and unofficial foreign exchange (FX) markets as the Central Bank of Nigeria (CBN) plans to resume dollar sales to Bureau De…
Inflation: CBN increases Price Verification System limit from 2.5% to 15%— Report
The Central Bank of Nigeria (CBN) has announced an upward review of the Price Verification System (PVS) from 2.5 per cent to 15 per cent. According to a circular by Dr…
BREAKING: CBN stops IOCs from 100% income repatriation
The Central Bank of Nigeria (CBN) has announced far-reaching measures to shore up the value of the Naira, with more liquidity in the Foreign Exchange (FX) market as it directed International Oil…
Review national disaster policy— Reps task CBN, NSA, others
The House of Representatives has urged the Central Bank of Nigeria, the National Security Adviser, the National Human Rights Commission and a host of other Federal Government agencies to review the current…
BREAKING: NNPCL board approves dollar revenue transfer to CBN
The Central Bank of Nigeria has created a department to deal with crude oil sales transactions by the Nigerian National Petroleum Company Limited, the Group Chief Executive Officer, NNPCL, Mele Kyari, announced…
Transparency: BDAN urges banks to comply with CBN directives of FX exposures
The Bank Directors Association of Nigeria (BDAN) has called on banks to fully comply with the recent directive of the Central Bank of Nigeria, CBN, on their maximum foreign currency exposures. …
CBN discovers $2.4bn forex irregularities causing naira instability
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) disclosed on Monday, January 05, 2024 that a $2.4 billion scam involving false foreign exchange claims has been unearthed. Speaking in…
Inside Nigeria: CBN Bans Use Of Foreign Currency For Transactions, Lists Sanctions
Voice Air Media, News Update In a proactive move to address the alarming depreciation of the Naira against the Dollar, the Central Bank of Nigeria (CBN) has issued a statement, with the…
No Plans to Convert $30 Billion Deposits to Naira Despite Market Speculations— CBN Clarifies
The Central Bank of Nigeria (CBN) says there are no plans to convert $30 billion deposits in domiciliary accounts to naira. A report, on Saturday, had claimed that the apex bank…